Why is Bitcoin not Crackdowned (Why is Bitcoin not Government Recognized)?
Why is Bitcoin not Crackdowned? Why is Bitcoin not Crackdowned?On January 6, 201
Why is Bitcoin not Crackdowned? Why is Bitcoin not Crackdowned?
On January 6, 2018, a report in The New York Times claimed that the US government does not impose capital gains tax on cryptocurrency transactions. According to these regulations, “any company related to cryptocurrency or digital assets is not regulated.” Additionally, they also suggest that “if a company wants to sell its securities to an unregulated market, it needs to comply with anti-money laundering laws.” While some businesses hope to benefit from the cryptocurrency market, many investors still put their funds into it due to the distrust of regulatory agencies and lack of supervision.
Why is Bitcoin not Government Recognized
According to bitcoinist, the US government does not have as positive a view of Bitcoin as other countries. They consider Bitcoin as a medium of exchange rather than a currency and payment system. Due to the complexity of encryption technology, its value may be underestimated, making Bitcoin unsuitable as an investment instrument.
Why is this? Because the issuance of Bitcoin is recorded through blockchain technology. However, most people still want to use it to purchase goods and services because there is no central authority or organization that can control their financial situation.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/24544/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
Huddle01 Completes $2.8 Million Financing Round with Leading Investors
On April 6th, it was announced that the decentralized real-time communication network Huddle01 has completed a $2.8 million financing, with Superscrypt, M31 Capital, Protocol Labs,
-
Web3 Email Platform Mailchain Integrates Freename’s TLD and Sub-Domain Name for Secure Email Communication
It is reported that the Web3 email platform Mailchain integrates the Web3 TLD and the top-level domain name (TLD) and sub-domain name of the domain name platfo…
-
Federal Reserve Swaps Show Fed Interest Rates Will Peak at 4.96% in May
It is reported that the Federal Reserve swap shows that the Federal Reserve\’s interest rate will peak at 4.96% in May, which is not significantly different from before the announce
-
Layer3’s Product Update: A Step Forward in Web3 Reward Platform
On February 23, the Web3 reward platform Layer3 released a product update, launched a new task platform, and officially ended the beta test. The new functions …
-
Former CEO of Celsius Network Sells 90,000 CELs and Transfers them to Coinbase
It is reported that according to Paidun monitoring, Alex Mashinsky, the former CEO of the encryption and lending platform Celsius Network, has sold 90000 CELs …
-
Xverse and Hiro’s Update to Address Withdrawal Issues
On March 9, according to the official Twitter, the encrypted wallet Xverse and Hiro announced that the version will be updated this week to support users to di…
-
The Top Two Institutions to Withdraw Principal After the Upgrade of Ethereum Shanghai
On April 25th, according to Nansen data, Kraken and Coinbase were the top two institutions to withdraw principal after the upgrade of Ethereum Shanghai. The two institutions withdr
-
Watch Out for Large-Scale Sell-Offs: The Story Behind CELT Token Deposits
On February 28, according to the monitoring of 0xScope Protocol, on February 26, the day before the large-scale increase and sell-off of CELT tokens, five EOA …
-
BWT Alpine F1 Team Introduces New Car and Appoints Zinedine Zidane as Ambassador
On February 17, the BWT Alpine F1 Team launched the 2023/24 new A523, and Zinedine Zidane also became the latest ambassador of the BWT Alpine F1 Team.
…
-
Yingtou Securities Launches Cryptocurrency Trading in Hong Kong
On February 14, the global automated electronic broker Yingtou Securities announced the launch of cryptocurrency trading in Hong Kong, enabling Yingtou Securit…
-
Citi: CBDC and tokenization will drive large-scale adoption of cryptocurrencies
According to reports, analysts at Citibank stated in their latest report that the blockchain industry is finally approaching a turning point, and blockchain technology will soon se
-
Radiant Capital’s Full Chain Lending Agreement Launched in Radiant v2 with TVL Exceeding $15 Million
It is reported that the full chain lending agreement Radiant Capital has been launched in the Radiant v2 version, with the current TVL exceeding $15 million. The full chain lending agreement Radiant Capital has been launched in Radiant v2, with a TVL exceeding $15 million Analysis based on this information:Radiant Capital, a DeFi platform that offers lending, borrowing, and staking services, has launched its full-chain lending agreement in the Radiant v2 version. The current total value locked (TVL) on the platform has exceeded $15 million, indicating the users’ trust in the platform and the demand for its services. The full-chain lending agreement is a significant upgrade to the existing system, which used to support only single collateral borrowing and staking. With the full-chain agreement, users can access multiple collateral types for borrowing and staking, making it easier for them to manage their assets and optimize their portfolios. The Radiant v2 version also allows users to earn interest by providing liquidity…
-
Crypto.com Obtains Preliminary License to Operate in Dubai
On March 20th, according to the official blog, Crypto.com announced that it had obtained a MVP preliminary license from the Dubai Virtual Assets Regulatory Authority (VARA). The MVP phase of the preparatory phase allows approved licensees to meet all the prerequisites necessary to conduct MVP market operations within the VARA system. Crypto.com obtained MVP preliminary license from Dubai Virtual Assets Regulatory Authority Analysis based on this information:Crypto.com, a Hong Kong-based cryptocurrency platform, has recently announced that it has been granted a preliminary license by the Dubai Virtual Assets Regulatory Authority (VARA). The license enables the company to operate its MVP (Minimum Viable Product) within the VARA system, following completion of all the necessary prerequisites. This announcement is significant for several reasons. Firstly, it represents a key development in the growing acceptance and regulation of cryptocurrency in the Middle East. Dubai has been at the forefront of several initiatives aimed at promoting blockchain and digital currencies, and this license represents a…
-
Dedaub’s proposal to use Verkle tree to reduce gas cost in Ethereum
It is reported that the security company Dedaub sent a message on social media suggesting that Ethereum should use the more advantageous Verkle tree to reduce …
-
What Impact Does a Hard Fork Have on Pregnancy? (Will the Hard Fork Rise or Fall?)
What impact does a hard fork have on pregnancy? Today, I will share with you som
-
Cryptocurrency Security: A Myth or a Reality?
On March 15, Zhao Changpeng, CEO of Coin Security, tweeted that the statement “cryptocurrency is not secure” was incorrect. In fact, the transparency of blockchain is a feature, not a vulnerability. Trusted encryption services and platforms have the same or even better security as traditional finance/KYC/AML. Zhao Changpeng: “Cryptocurrency is not secure” is a misunderstanding. The security of trusted encryption services is better than traditional finance Analysis based on this information:The issue of security in the world of cryptocurrency has long been a topic of contention. While some individuals argue that virtual currencies such as Bitcoin are safe and secure, others believe that the absence of physical assets and regulations make them vulnerable to attacks. Zhao Changpeng, CEO of Coin Security, recently made a statement on the matter, which sparked a debate among cryptocurrency enthusiasts. According to Changpeng, the notion that cryptocurrency is not secure is inaccurate. He claimed that the transparency of blockchain technology, which is the backbone of…